Stamp duty on bank transactions not a tax, OGIRS clarifies at tax reform lecture
[Hallmark - Nigeria] - 16/01/2026
The Ogun State Internal Revenue Service (OGIRS) has clarified that stamp duty deductions on bank transactions do not amount to taxation, describing them as statutory charges meant to support public spending on key sectors of the economy. The Executive Chairman of OGIRS, Mr Olugbenga Olaleye, (…)
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